Nov 3 2015: BEARISH GBPUSD DAILY: In shallow down channel
(Analysis Based on DAILY chart)
Observations
1. Price in a shallow short term down channel
2. If price breaks upwards, larger up channel could form
2. RSI close to 50
3. Price just below SR zone
NOTE: Wait for price action to confirm the importance of this level.
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(Analysis Based on DAILY chart)
Observations
1. Price in a shallow short term down channel
2. If price breaks upwards, larger up channel could form
2. RSI close to 50
3. Price just below SR zone
NOTE: Wait for price action to confirm the importance of this level.
If you find this information useful. Please hit the LIKE button.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
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